Q4 sales climb for ShopHQ on lower prices
Fourth quarter sales were up 17 percent for ShopHQ as the multimedia retailer enticed customers to buy by offering more merchandise at lower price points.
Buffett to again don sales hat at Borsheims
Once again, investing magnate and Berkshire Hathaway Chairman Warren Buffett will step behind the Borsheims counter to sell jewelry to shareholders of his company.
Who in jewelry is a billionaire?
The Oppenheimer family and diamantaire Laurence Graff still rank among the world’s richest while the founder of Firestar Diamond is a “new billionaire,” according to Forbes’ annual list of the world’s wealthiest people, which was released this week.
Pandora takes over Middle East distribution
Pandora will now distribute its own jewelry in the United Arab Emirates, Bahrain, Qatar and Oman after acquiring 100 percent of Pan ME A/S, the company that distributes the brand’s products there.
Pebble mine plans on hold after EPA action
The Environmental Protection Agency has invoked its authority under the Clean Water Act to assess the impact that the proposed Pebble mine project in Alaska will have on the Bristol Bay watershed, meaning the project cannot go forward, at least for now.
Earnings roundup: Kohl’s, Sears
Kohl’s and Sears reported declines in same-store sales in the fourth quarter, despite it being the period that includes the all-important holiday season.
Q2 comps up 2 percent, profits rise for Zale
Zale Corp. recorded a 2 percent increase in the same-store sales in the second quarter ended Jan. 31, with its Zales and Zales Outlet stores turning in the strongest performance.
Earnings roundup: JC Penney, Target, more
Both J.C. Penney and T.J. Maxx/Marshalls recorded same-store sales increases in the fourth quarter while Target’s quarterly comps fell in the wake of the massive data breach that impacted millions of customers.